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Key Points. Since GDP is measured in a country’s currency, in order to compare different countries’ GDPs, we need to convert them to a common currency. One way to compare different countries' GDPs is with an exchange rate, the price of one country’s currency in terms of another. GDP per capita is GDP divided by population.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
GDP by Country. GDP, or Gross Domestic Product, is the total monetary value of all goods and services produced and sold within a country during a specific time period, typically one year. ( learn more ). World's GDP is $100,562,000,000,000 ( nominal, 2022)
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Measuring GDP. GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country. GDP is composed of goods and services produced for sale in the market ...
GDP (US$million) World: 93,863,851 1 United States: 22,675,271 2 China: 16,642,318 3 Japan: 5,378,136 4 Germany: 4,319,286 5 India: 3,724,650 6 {{{1}}} 3,449,704 7 France: 2,938,271 8 Italy: 2,106,287 9 Canada: 1,883,487 10 South Korea: 1,806,707 11 Russia: 1,710,734 12 Australia: 1,617,543 13 Brazil: 1,491,772 14 Spain: 1,461,552 15 Mexico ...
Countries by quarterly GDP per capita. Gross domestic product(GDP) refers to the market value of all final goods and services produced in a country in a given period. GDP per capita (GDP per citizen) is often considered an indicator of a country's standard of living.
Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. GDP - By Country - was last updated on Monday, May 20, 2024.
